1. Get to know your finances better
With life expectancy continuing to rise, the reality is that today we need to make our earnings from 40 to 50 years in the workforce, extend across 80 to 90 years of living. Everyone has different dreams for their retirement. It could be travel or something just as simple as spending time with your family. Knowing what you want in retirement and then linking this to your superannuation goals is the key to feeling in control.
Too many Australians fail to plan for this and find themselves short on super. Understanding what super shortage (if any) you have will allow you to proactively plan for your future. Taking the time to look at this in your 50s means you still have time to…
Read the full article at: https://www.bhg.com.au/finance-tips-for-people-over-50